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Energy Fuels Plans Offering of Convertible Senior Notes due 2031

BY MT Newswires | CORPORATE | 09/29/25 04:56 PM EDT

04:56 PM EDT, 09/29/2025 (MT Newswires) -- Energy Fuels (UUUU) said late Monday it plans to issue $550 million of convertible senior notes due 2031 to institutional buyers.

The company will grant initial buyers a 13-day overallotment option to buy up to an additional $82.5 million of the notes, according to a statement.

Net proceeds will be used to cover costs of capped call transactions, finance development spends, and for general corporate purposes, the company said.

Any additional proceeds from the exercise of the overallotment option by the initial buyers will be used to enter more capped call transactions and for general corporate purposes, according to the company.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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